← SUN LIFE FINANCIAL INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Net Income | — | — | — | — | — | — | $3.0b | $3.3b | $3.2b | $3.7b | |
| Net Income From Continuing Operations | — | — | — | — | — | — | $3.6b | $3.9b | $4.3b | $4.8b | |
| Adjustments For Deferred Tax Of Prior Periods | $14.0m | ($10.0m) | ($9.0m) | ($24.0m) | $48.0m | ($8.0m) | $48.0m | ($172.0m) | $203.0m | $51.0m | |
| Interest expense related to financing activities | $269.0m | $247.0m | $247.0m | $249.0m | $209.0m | $186.0m | $279.0m | $408.0m | $398.0m | $363.0m | |
| Changes in reinsurance contract held assets and liabilities | — | — | — | — | — | — | $593.0m | $10.0m | ($136.0m) | $25.0m | |
| Additional Financial Items | |||||||||||
| (Decrease) increase in investment contract liabilities | — | — | — | — | — | — | $152.0m | $331.0m | $393.0m | $323.0m | |
| Adjustments For Current Tax Of Prior Period | ($37.0m) | $25.0m | ($1.0m) | ($80.0m) | $7.0m | ($41.0m) | ($67.0m) | $159.0m | ($209.0m) | ($106.0m) | |
| Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates | — | — | — | — | — | $9.0m | $0 | — | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $7.7b | $9.4b | $11.2b | $10.0b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($71.0m) | ($3.1b) | ($3.9b) | ($2.6b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($2.9b) | ($559.0m) | ($337.0m) | ($320.0m) | |
| Change In Other Working Capital | — | — | — | — | — | — | ($24.4b) | $6.8b | $2.0b | $3.2b | |
| Change In Working Capital | — | — | — | — | — | — | ($24.3b) | $7.1b | $2.4b | $3.6b | |
| Changes In Cash | — | — | — | — | — | — | $1.4b | $2.0b | ($1.7b) | ($157.0m) | |
| Changes in insurance contract liabilities and assets | — | — | — | — | — | — | ($25.0b) | $6.8b | $2.1b | $3.2b | |
| Common shares purchased for cancellation | $0 | ($175.0m) | ($641.0m) | ($592.0m) | ($200.0m) | $0 | $0 | ($186.0m) | ($855.0m) | ($1.7b) | |
| End Cash Position | — | — | — | — | — | — | $9.4b | $11.2b | $10.0b | $9.6b | |
| Financing Cash Flow | — | — | — | — | — | — | ($71.0m) | ($3.1b) | ($3.9b) | ($2.6b) | |
| Free Cash Flow | — | — | — | — | — | — | $4.3b | $5.4b | $2.4b | $2.7b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $26.6b | ($4.7b) | $129.0m | ($765.0m) | |
| Goodwill | $5.3b | $5.2b | $5.4b | $5.8b | $6.1b | $6.5b | $8.7b | $9.0b | $9.5b | $9.5b | |
| Income (loss) before income taxes | $3.4b | $2.8b | $3.5b | $3.2b | $3.3b | $5.1b | $3.9b | $3.9b | $4.3b | $4.8b | |
| Increase in (repayment of) borrowed funds | ($610.0m) | ($45.0m) | ($40.0m) | $132.0m | $81.0m | $31.0m | ($34.0m) | ($72.0m) | $23.0m | $28.0m | |
| Increase in (repayment of) borrowings from credit facility | — | — | — | $73.0m | $275.0m | $108.0m | $1.8b | $141.0m | ($340.0m) | ($308.0m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($2.9b) | ($559.0m) | ($337.0m) | ($320.0m) | |
| Investment in and transactions with joint ventures and associates | ($366.0m) | ($121.0m) | ($64.0m) | $19.0m | ($1.0m) | ($29.0m) | ($69.0m) | ($75.0m) | ($17.0m) | ($44.0m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $987.0m | $0 | — | — | — | |
| Issuance of common shares on exercise of stock options | $39.0m | $15.0m | $13.0m | $23.0m | $18.0m | $36.0m | $6.0m | $49.0m | $43.0m | $37.0m | |
| Mortgage securitization | $474.0m | $214.0m | $96.0m | $264.0m | $197.0m | $95.0m | $151.0m | ($39.0m) | ($265.0m) | ($423.0m) | |
| Net (purchase) sale of property and equipment | ($131.0m) | ($182.0m) | ($85.0m) | ($114.0m) | ($158.0m) | ($81.0m) | $71.0m | ($172.0m) | ($143.0m) | ($145.0m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($2.7b) | ($217.0m) | ($17.0m) | ($19.0m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | $71.0m | ($172.0m) | ($143.0m) | ($145.0m) | |
| Net Preferred Stock Issuance | — | — | — | — | — | ($38.0m) | $0 | — | — | — | |
| Operating Gains Losses | — | — | — | — | — | — | $26.6b | ($4.7b) | $129.0m | ($765.0m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($1.1b) | $61.0m | ($3.6b) | ($4.2b) | |
| Other operating activities | ($594.0m) | $439.0m | ($377.0m) | $383.0m | $1.9b | ($944.0m) | ($1.2b) | $5.2b | $5.4b | $7.5b | |
| Payment of lease liabilities | — | — | $0 | ($125.0m) | ($136.0m) | ($143.0m) | ($136.0m) | ($176.0m) | ($175.0m) | ($180.0m) | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | — | $125.0m | $136.0m | $143.0m | $136.0m | $176.0m | $175.0m | $180.0m | |
| Payments To Acquire Or Redeem Entitys Shares | $0 | $175.0m | $641.0m | $592.0m | $200.0m | $0 | — | $186.0m | $855.0m | $1.7b | |
| Preferred Stock Issuance | — | — | — | — | — | $987.0m | $0 | — | — | — | |
| Preferred Stock Payments | — | — | — | — | — | ($1.0b) | $0 | — | — | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $6.0m | $49.0m | $43.0m | $37.0m | |
| Purchase Of Business | — | — | — | — | — | — | ($2.7b) | ($514.0m) | ($17.0m) | ($44.0m) | |
| Purchases of invested assets | ($49.8b) | ($60.6b) | ($65.4b) | ($64.2b) | ($81.7b) | ($64.6b) | ($57.2b) | ($48.6b) | ($61.3b) | ($71.2b) | |
| Realized and unrealized (gains) losses and foreign currency changes on invested assets | ($2.5b) | ($2.8b) | $3.3b | ($7.3b) | ($7.3b) | $1.6b | $17.7b | ($4.7b) | $129.0m | ($765.0m) | |
| Redemption of senior debentures and subordinated debt | ($950.0m) | ($800.0m) | ($400.0m) | ($1.1b) | ($500.0m) | ($650.0m) | ($400.0m) | ($1.0b) | ($750.0m) | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | $0 | ($186.0m) | ($855.0m) | ($1.7b) | |
| Sale Of Business | — | — | — | — | — | — | $0 | $297.0m | $0 | $25.0m | |
| Sales, maturities and repayments of invested assets | $47.1b | $56.0b | $62.4b | $59.2b | $76.3b | $55.2b | $53.5b | $43.5b | $52.5b | $60.0b | |
| Short-term securities, end of year | $1.9b | $2.8b | $2.2b | $2.9b | $2.9b | $4.5b | $1.8b | $2.0b | $3.7b | $5.2b | |
| Transactions with non-controlling interests | ($46.0m) | $0 | — | $0 | ($5.0m) | $19.0m | ($25.0m) | ($52.0m) | ($223.0m) | ($78.0m) | |
| Profit or Loss | $2.8b | $2.5b | $2.9b | $2.9b | $2.8b | $4.4b | $3.3b | $3.5b | $3.3b | $3.8b | |
| Capital Expenditure | — | $182.0m | $85.0m | $114.0m | $158.0m | ($81.0m) | $81.0m | ($172.0m) | ($143.0m) | ($145.0m) | |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | — | — | — | — | — | — | $71.0m | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | ($259.0m) | ($202.0m) | ($337.0m) | ($211.0m) | |
| Other investing activities | ($100.0m) | ($11.0m) | ($165.0m) | ($213.0m) | ($287.0m) | ($663.0m) | ($259.0m) | ($202.0m) | ($337.0m) | ($211.0m) | |
| Net cash provided by (used in) investing activities | ($1.9b) | ($339.0m) | ($280.0m) | ($430.0m) | ($886.0m) | ($803.0m) | ($2.9b) | ($559.0m) | ($337.0m) | ($320.0m) | |
| Issuance Of Debt | — | — | — | — | — | — | $646.0m | $497.0m | $769.0m | $2.0b | |
| Issuance of subordinated debt, net of issuance costs | $1.3b | $398.0m | $0 | $747.0m | $1.7b | $2.0b | $646.0m | $497.0m | $746.0m | $2.0b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $646.0m | $497.0m | $769.0m | $2.0b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $1.9b | ($610.0m) | ($496.0m) | $1.5b | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $76.0m | ($751.0m) | ($156.0m) | $1.8b | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $1.8b | $141.0m | ($340.0m) | ($308.0m) | |
| Long Term Debt Payments | — | — | — | — | — | — | ($570.0m) | ($1.2b) | ($925.0m) | ($180.0m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($570.0m) | ($1.2b) | ($925.0m) | ($180.0m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | $0 | ($186.0m) | ($855.0m) | ($1.7b) | |
| Common Stock Payments | — | — | — | — | — | — | $0 | ($186.0m) | ($855.0m) | ($1.7b) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($1.7b) | ($1.9b) | ($2.0b) | ($2.1b) | |
| Dividends Paid Classified As Financing Activities | $1.1b | $1.2b | $1.2b | $1.3b | $1.4b | $1.4b | $1.7b | $1.9b | $2.0b | $2.1b | |
| Dividends Paid Ordinary Shares Per Share | $1.62 | $1.75 | $1.91 | $2.10 | $2.20 | $2.31 | $2.76 | $3.00 | $3.24 | $3.52 | |
| Dividends Received CFI | — | — | — | — | — | — | $27.0m | $32.0m | $160.0m | $55.0m | |
| Dividends and other proceeds related to joint ventures and associates | $20 | $36 | $34 | $45 | $29 | $382 | $27 | $32 | $160 | $55 | |
| Dividends paid on common and preferred shares | ($1k) | ($1k) | ($1k) | ($1k) | ($1k) | ($1k) | ($2k) | ($2k) | ($2k) | ($2k) | |
| Net Other Financing Charges | — | — | — | — | — | — | $2.0m | ($52.0m) | ($223.0m) | ($78.0m) | |
| Net cash provided by (used in) financing activities | ($1.5b) | ($2.0b) | ($2.6b) | ($2.4b) | ($2.3b) | ($260.0m) | ($71.0m) | ($3.1b) | ($3.9b) | ($2.6b) | |
| Changes due to fluctuations in exchange rates | ($235.0m) | ($179.0m) | $250.0m | ($190.0m) | ($92.0m) | ($35.0m) | $302.0m | ($169.0m) | $471.0m | ($198.0m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $302.0m | ($169.0m) | $471.0m | ($198.0m) | |
| Increase (decrease) in cash and cash equivalents | ($3.0m) | ($553.0m) | $1.2b | ($509.0m) | $4.0b | ($3.0b) | $1.7b | $1.8b | ($1.2b) | ($355.0m) | |
| Acquisitions, net of cash and cash equivalents acquired | ($1.3b) | ($61.0m) | $0 | ($167.0m) | ($469.0m) | ($412.0m) | ($2.6b) | ($439.0m) | $0 | $25.0m | |
| Net cash and cash equivalents, beginning of year | $6.5b | $6.0b | $7.2b | $6.7b | $10.6b | $7.7b | $9.4b | $11.2b | $10.0b | $9.6b | |
| Net cash, cash equivalents and short-term securities, end of year | $8.5b | $8.8b | $9.4b | $9.5b | $13.5b | $12.1b | $11.2b | $13.2b | $13.7b | $14.8b | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $1.7b | $1.8b | ($1.2b) | ($355.0m) | |
| Interest Paid Classified As Financing Activities | $245.0m | $257.0m | $271.0m | $253.0m | $205.0m | $187.0m | $270.0m | $405.0m | $389.0m | $355.0m | |
| Income Taxes Paid Refund Classified As Operating Activities | $310.0m | $436.0m | $307.0m | $698.0m | $690.0m | $1.0b | $795.0m | $1.2b | $1.1b | $978.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.